Two suspected loan shark runners arrested in Bukit Panjang
Published on May 16, 2014 7:04 PM
Police arrested two suspected loan shark 'runners' in Bukit Panjang on Thursday.
The men, aged 29 and 52, are believed to be former debtors who worked for their respective syndicates, authorities said in a statement.
Both are expected to be charged in court under the Moneylenders Act on Saturday.
At 5pm on Thursday, police ambushed and nabbed the 29-year-old near Segar Road. They seized 11 bank cards and a mobile phone from the man, who is believed to have acquired the cards and PIN numbers from other debtors.
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